Direct Answer
PG&E Corporation reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Electricity is the largest, with $18.3 billion of revenue (73% of the total), followed by Natural Gas Us Regulated at $6.6 billion (27%).
How Does PG&E Corporation Make Money?
Electricity supplies 73% of revenue, so PG&E Corporation's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Electricity grew fastest (+2.8%) and Natural Gas Us Regulated slowest (+0.1%), so the revenue mix tilts toward Electricity while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Electricity | $18.3 billion | $17.8 billion | 73.5% | 2.8% |
| Natural Gas Us Regulated | $6.6 billion | $6.6 billion | 26.5% | 0.1% |
What the Segment Figures Do Not Show
The rows above add up to 100% of PG&E Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value PG&E Corporation reported in the segment note and revenue disclosures of its Form 10-K filed February 12, 2026 (accession 0001004980-26-000009), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are PG&E Corporation's main products and services?
In its fiscal 2025 Form 10-K, PG&E Corporation reports revenue for Electricity and Natural Gas Us Regulated.
Which part of PG&E Corporation brings in the most revenue?
Electricity, with $18.3 billion of revenue in fiscal 2025, or 73% of the total.
Where does PG&E Corporation report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 12, 2026, alongside management's discussion of each segment's results.